Bitcoin hit a high of $8,458 today on coinbase. I'm calling it. This is the end of Bitcoin

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Hoi said:
Just as booze in the twenties, gold in the thirties and drugs right now.....

Be aware that about 17% of the whole worlds GDP is in the black underground markets and assets: that's more than $10 trillion. Imagine that if only 10% of this market is fled to, if Bitcoin gets a world wide ban, it will lead to a $60.000 price for 1 Bitcoin.
No where near your $0 hope.
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Keep dreaming if you think bitcoin will hit $60k
 
peilthetraveler said:
Keep dreaming if you think bitcoin will hit $60k
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Where did you read that I think it will hit that? (read the posts and context again).

By the way: I don't need to dream anymore. My dream already came true! I predicted $7000 in 2013, and that's the price I sold this year.
 
gkishot said:
Bitcoin is real decentralized currency, and that's what makes it attractive & valuable to people.
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Its not decentralized , hence a small group of people decides whether to fork it or not as they see fit aka QE ! They created Bitcoin cash after a fork , and they created bitcoin gold after a fork all out of thin air aka QE .

Add to that if btc is decentralized then you can say the same about litecoin but litcoin is priced at $70 .
 
Got to figure out what problem bitcoin solves to value it properly. If you value Bitcoin as a currency, it's worth 0. If you value it as debt tokens used to place transaction on a decentralized ledger then you'll get a proper valuation.

Bitcoins are closer to owning a router on the internet than it is to owning cash, yet it's referred to as cash because it's what people understand. Liquidity, security and capacity of the internet is what gives a router value.
 
Hoi said:
Where did you read that I think it will hit that? (read the posts and context again).

By the way: I don't need to dream anymore. My dream already came true! I predicted $7000 in 2013, and that's the price I sold this year.
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Have u sold out completely? Or do u still own some bitcoin?
 
Hoi said:
Oh... and why is Gold valued 80 times more than Silver, while gold is only 8.5 times more scarce?
Same arguments for Bitcoin <> Litecoin.
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Lol stupid comparison . And who told you silver will not close the gap and rally in the future that's why I think silver is a buy .
 
Visaria said:
Have u sold out completely? Or do u still own some bitcoin?
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I still own (next take profit point is $12000). And if for some reason Bitcoin dumps to < $3000, I will be a buyer (especially if that happens before 2020).
 
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